SunEdison launches US PPA, announces new partnership & acquisition


U.S. solar development company SunEdison has this week announced three major advancements in its solar offering, most notably the introduction of its residential PPA to seven U.S. states.

Announced to the U.K. market in March at the Ecobuild show in London, SunEdison’s residential power purchase agreement (PPA) offers a zero-money down option to homeowners keen on installing solar panels on their rooftops.

The homeowner then purchases the solar energy generated from the system installed on their home, which is to be owned and managed by SunEdison subsidiary TerraForm Power, who will act as long-term asset owner.

Financier Morgan Stanley is to provide tax equity financing for the PPA product. “TerraForm is pleased to support the launch of SunEdison’s broader residential solar platform,” said TerraForm Power CEO Carlos Domenech. “We look forward to being a long-term owner of these residential assets, which we believe will deliver high quality cash flows and growth to our shareholders from this market segment.”

Popular content

Additionally, SunEdison has announced the acquisition of LightWing, a solar platform solution for utilities and retail energy providers that will provide access to a much broader customer base for SunEdison.

The solar company has also entered into a partnership with Evolve Solar, which is one of the leading residential resellers in the U.S. The collaboration will see Evolve Solar exclusively sell SunEdison products, reaching some 40,000 potential customers a month across nine U.S. states.

“By executing on these initiatives we’ve enhanced our product portfolio and channel platform to fuel significant growth,” said SunEdison global general manager and SVP of residential and small commercial, Vikas Desai. “With the addition of a new residential PPA product and greatly strengthened channel and sales capabilities, we’re now positioned to effectively serve every segment of the residential and small commercial market.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.